Business-payments platform Pazy raises pre-seed funding round

Pazy, a Bengaluru-based integrated business-payments platform for finance teams, has raised Rs 6 crore (about $720K) in a pre-seed funding round led by Inuka Capital along with participation from Gemba Capital.

The proceeds will be used to expand product capabilities, deepen ecosystem integrations, and scale the platform to Rs 10,000 crore in annual spend under management over the next year, Pazy said in a press release.

Co-founded in 2023 by Pratik Chhajed and Devyanshu Shukla, Pazy aims to transform how businesses manage their non-payroll payments, including vendor payouts, reimbursements, and tax-related transactions, on a unified platform. The platform integrates all three segments, helping finance teams process invoices faster, reclaim more input tax credit, and eliminate human-led errors that can derail financial operations.

Trusted by leading enterprises across sectors, such as BFSI, media, retail, and manufacturing, Pazy facilitates payments worth hundreds of crores every month for clients, including Plum Insurance, WhiteGold, Keka, Fibe and Sprinto, amongst others.

“At Pazy, our vision is to develop a ‘gravity product’ that flawlessly unifies all business transactions. We’re working towards becoming the single operating system for our clients’ financial operations, enabling greater clarity, control, and efficiency while minimizing manual effort and errors. The pre-seed funding will fuel our efforts to scale annual spend under management to  Rs 10,000 crore over the next 12 months,” said Pratik Chhajed, Co-Founder and CEO, Pazy.

Pazy claims that  finance teams using Pazy close books 10× faster, reclaim up to 7 % extra input-tax credit and gain real-time visibility into every rupee of spend.